might nasdaq test prevous low?

1 thg 4

Nasdaq is trading at a descending channel meaning a clear bearish structure, the way i look at it, im seeing a reversal to previous low of 18189 support line for a probable uptrend as option one meanwhile trading in accordance with the descending channel and price breaks the support area and continues below 18700 area then price might reverse further to monthly support zone 18050 bringing in sell side bias as option 2